Category: Markets
Published: 2026-07-16T11:43:56.000Z
Citizens Financial Group reported a significant increase in its second-quarter profit, driven by strong net interest income and growth in wealth and capital markets fees. The bank's net interest income rose 14% year-over-year to $1.63 billion, while capital markets fees surged by 45.7% and wealth fees increased by approximately 16%. Despite inflationary pressures, loan demand remained resilient, contributing to the bank's net profit of $587 million, or $1.30 per share.
News summary curated and translated by CausifyMarket. Always consult original sources before making any financial decision.